Abacus FCF Advisors LLC Purchases New Position in Roblox Co. (NYSE:RBLX)

Abacus FCF Advisors LLC bought a new position in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 34,999 shares of the company's stock, valued at approximately $2,025,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. grew its position in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analysts Set New Price Targets

RBLX has been the topic of a number of recent research reports. Wedbush reissued an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Macquarie upped their target price on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Benchmark reiterated a "buy" rating and set a $71.00 price target on shares of Roblox in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.22.

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Roblox Price Performance

NYSE RBLX traded up $1.16 on Friday, hitting $57.28. 5,987,783 shares of the company were exchanged, compared to its average volume of 7,883,882. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market cap of $36.00 billion, a P/E ratio of -39.50 and a beta of 1.49. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The firm has a 50 day moving average of $60.20 and a two-hundred day moving average of $56.34.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, equities analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 138,555 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the sale, the chief executive officer now owns 129,301 shares in the company, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,232,833 shares of company stock worth $76,827,466. Insiders own 22.15% of the company's stock.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.